UK/REPUBLIC OF IRELAND: Musgrave to buy Budgens in £232m deal
UK supermarkets group Budgens was bought by privately owned Irish grocer Musgrave earlier today [Friday] in a deal worth £232m (US$347m), or £1.35 per Budgens share. In August 2000 Musgrave, which also owns the SuperValu and Centra brands, paid German retailer ReWe £89.4m for its initial 28% stake in Budgens. It has also has convertible loan stock that takes its total holding to around 45%.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-food gives you the widest food market coverage.
Paid just-food members have unlimited access to all our exclusive content - including 17 years of archives.
I am so confident you will love complete access to our content that today I can offer you 30 days access for $1.
It’s our best ever membership offer – just for you.
Dean Best, editor of just-food
- Interview: Sir Kensington's on sale to Unilever
- Analysis: Post discusses rationale for Weetabix
- Who will buy Danone's Stonyfield business?
- Interview: "Disruptive" snack brand Hippeas
- Column: Why snacking is the new meal
- Unilever buys US condiments maker Sir Kensington's
- Ice cream helps Unilever sales, food flat
- Nestle organic growth slows but beats expectations
- Suntory to offload Australia, New Zealand foods
- Dairy dampens Danone in Q1